The Impact of the Shadow Carbon Price | Michael Wu

The federal, state and territory Energy Ministers have introduced a shadow carbon price for the national electricity market. This ‘value of emissions reduction’ (VER) sets the value of carbon abatement at $66 per tonne in 2023, rising six-fold to $420 by 2050. Costs will be passed onto consumers through electricity network projects because the regulatory investment framework will now include the interim VER as a benefit in their cost benefit analyses. This change is likely to increase the assessed benefits of projects that claim to reduce emissions, projects which might otherwise have been deemed uneconomic. Read the rest of this research here: https://www.cis.org.au/publication/the-impact-of-a-shadow-carbon-price-on-our-electricity-bills/  Hosted by Karla Pincott, What You Need to Know About is the podcast that covers exactly that. Hear from CIS' experts on the key points of their research, providing you with concise and insightful overviews of complex topics. In each episode, we break down intricate policy issues, economic trends, social challenges, and more, delivering the essential information you need to stay informed in today's fast-paced world.   Join us as we cut through the noise and dive straight into the heart of matters that shape our society. Whether you're a policy enthusiast, a curious mind, or just someone looking to grasp the essentials without getting lost in the details, What You Need to Know About is your go-to source for bite-sized yet comprehensive insights. Youtube: https://www.youtube.com/@CISAus  Twitter - https://twitter.com/CISOZ Facebook - https://www.facebook.com/CentreIndependentStudies/  Linkedin - https://www.linkedin.com/company/the-centre-for-independent-studies/  Telegram - https://t.me/centreforindependentstudies  #auspol #nuclear #nuclearaustralia #australia #energymarket #energy #netzero #net0 #cis